Profile

24 year old IT analyst, graduated in 2010 with a degree in Mathematics

Why I joined NetworthIQ:

I was interested in seeing profiles of other members to see how I stacked up in my age/income bracket.

Best Financial Decision:

Not going crazy after graduation and taking out loans for a vehicle, toy, etc. (Many of my friends did)

Worst Financial Decision:

Haven't made any poor decisions... yet. haha

Current Financial Strategy:

1) Currently saving $500 bi-weekly
2) Max out unused room on my TFSA (Have around $15000 right now)
3) Make all work purchases on a cashback credit card. Build credit up so that my rates are low if I decide to get a loan for whatever reason.
4) Invest TFSA in ETFs, high yield dividend stocks, and REITs.
5) Work an extra 10-20 hours a month, earn extra income with side consulting work.

How I manage my money:

No set-in-stone budget, I just avoid making frivolous purchases.
Also keep an eye on credit and debit card use, it's easy to get carried away.

Tools I use:

I made the decision to keep all my finances at one bank and have everything (accounts, credit cards, etc) on my on-line banking web page.
I use my brokerage website to do research and make purchases.
I'll sometimes print out statements and read through each line the old-fashioned way if I find I'm slacking on the budget.